
(Clockwise from centre) Prime Minister Narendra Modi, Chinese President Xi Jinping, South African President Jacob Zuma, Brazilian President Dilma Rousseff and Russian President Vladimir Putin at the 7th BRICS Summit in Ufa, Russia.
Comment: Why are we not surprised. Americans live in an alternate reality, fostered by a blackout of real information and world events, supporting propaganda control and agenda.
Let's cut to the chase: Leaders of the BRICS (Brazil, Russia, India, China and South Africa) realize that global security cannot be entrusted to a country that sees war as a acceptable means for achieving its geopolitical objectives. They also realize that they won't be able to achieve financial stability as long as Washington dictates the rules, issues the de facto "international" currency, and controls the main levers of global financial power. This is why the BRICS have decided to chart a different course, to gradually break free from the existing Bretton Woods system, and to create parallel system that better serves their own interests. Logically, they have focused on the foundation blocks which support the current US-led system, that is, the institutions from which the United States derives its extraordinary power; the dollar, the US Treasury market, and the IMF. Replace these, the thinking goes, and the indispensable nation becomes just another country struggling to get by.
Comment: Following marathon rounds of talks, the five emerging powers signed a raft of inter-governmental agreements and the Ufa Communique that include: investment projects, working with AIIB, uphold treaties, no double standards, condemn human rights violations, uphold international principals and law, the establishment of East Jerusalem as the capital of the state of Palestine and the end of Israeli settlement building...for starters.
BRICS accounted for over 17 percent of global trade, 13 percent of the global services market and 45 percent of the world's agricultural output in 2014. The combined GDP (purchasing power parity) of the five BRICS countries surged from $10 trillion in 2001 to $32.5 trillion in 2014.














Comment: It is disturbing that global institutions, already in place, have become malignant and self-serving, forcing countries with clearer vision and purpose to reinvent the mechanisms necessary in world economics. Better a new system than being flushed down the toilet with, already-in-progress, Western demise. Vision and integrity. We shall see how that plays out in the very near future as we can loudly hear the death toll for the dollar and its influence around the world.